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Brandes Global Opportunities Fund Series A

Global Small/Mid Cap Eq

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-11-2024)
$21.05
Change
$0.20 (0.95%)

As at June 30, 2024

As at June 30, 2024

As at February 29, 2024

Period
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Legend

Brandes Global Opportunities Fund Series A

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Fund Returns

Inception Return (June 29, 2012): 8.79%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -2.14% 2.32% 13.18% 13.18% 28.58% 26.73% 9.33% 14.93% 8.60% 5.59% 4.83% 6.56% 5.69% 5.29%
Benchmark -1.02% -1.32% 6.23% 6.23% 14.66% 15.68% 3.15% 10.42% 7.84% 6.21% 7.27% 8.79% 7.40% 8.38%
Category Average -1.10% 5.64% 5.64% 5.64% 11.09% 12.64% 0.44% 8.65% 6.43% 4.51% 4.89% 6.15% 4.76% 5.40%
Category Rank 212 / 274 29 / 274 22 / 271 22 / 271 10 / 267 6 / 248 12 / 235 11 / 203 82 / 181 82 / 156 100 / 144 87 / 141 78 / 123 77 / 94
Quartile Ranking 4 1 1 1 1 1 1 1 2 3 3 3 3 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 4.48% 1.35% -2.44% -1.24% 7.68% 3.40% 0.78% 3.31% 6.23% -0.34% 4.91% -2.14%
Benchmark 4.07% -0.53% -4.79% -3.18% 7.14% 5.59% -1.54% 5.26% 3.87% -3.18% 2.98% -1.02%

Best Monthly Return Since Inception

16.31% (November 2020)

Worst Monthly Return Since Inception

-16.53% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.80% 12.00% 11.28% 6.69% -11.61% 8.38% -3.29% 10.50% -7.76% 27.97%
Benchmark 9.59% 16.61% 7.47% 15.40% -7.34% 20.09% 11.07% 15.50% -13.14% 14.59%
Category Average 6.30% 9.56% 3.48% 12.62% -10.42% 13.76% 14.53% 12.37% -15.59% 12.82%
Quartile Ranking 4 3 1 4 4 3 4 4 2 1
Category Rank 74/ 88 63/ 108 33/ 137 121/ 142 123/ 152 129/ 178 181/ 184 177/ 219 94/ 241 6/ 257

Best Calendar Return (Last 10 years)

27.97% (2023)

Worst Calendar Return (Last 10 years)

-11.61% (2018)

Asset Allocation

Asset Allocation
Name Percent
International Equity 79.81
US Equity 16.92
Cash and Equivalents 2.05
Canadian Equity 1.22

Sector Allocation

Sector Allocation
Name Percent
Financial Services 18.43
Technology 13.73
Consumer Goods 13.45
Telecommunications 9.58
Healthcare 9.58
Other 35.23

Geographic Allocation

Geographic Allocation
Name Percent
Europe 48.88
North America 20.19
Asia 16.96
Latin America 13.95
Other 0.02

Top Holdings

Top Holdings
Name Percent
Nova Ljubljanska Banka dd Ljubljana - GDR 3.62
Embraer SA - ADR 3.42
Erste Group Bank AG 2.81
Foreign Trade Bank Latin America Inc Cl E 2.57
Magyar Telekom Tavkozlesi Nyrt 2.34
CASH 2.05
UBS Group AG 2.00
Linea Drct Asgrdr SA Cia de Sgrs y Rsgrs 1.95
Citigroup Inc 1.92
Lar Espana Real Estate SOCIMI SA 1.92

Equity Style

Market capitalization is medium. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Brandes Global Opportunities Fund Series A

Median

Other - Global Small/Mid Cap Eq

3 Yr Annualized

Standard Deviation 14.02% 16.26% 13.80%
Beta 0.78% 0.85% 0.82%
Alpha 0.07% 0.02% -0.01%
Rsquared 0.69% 0.74% 0.70%
Sharpe 0.49% 0.46% 0.34%
Sortino 0.86% 0.62% 0.34%
Treynor 0.09% 0.09% 0.06%
Tax Efficiency 91.52% 91.23% 84.61%
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 11.58% 14.02% 16.26% 13.80%
Beta 0.74% 0.78% 0.85% 0.82%
Alpha 0.15% 0.07% 0.02% -0.01%
Rsquared 0.81% 0.69% 0.74% 0.70%
Sharpe 1.83% 0.49% 0.46% 0.34%
Sortino 5.84% 0.86% 0.62% 0.34%
Treynor 0.28% 0.09% 0.09% 0.06%
Tax Efficiency 97.25% 91.52% 91.23% 84.61%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date June 29, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $204

Fund Codes

FundServ Code Load Code Sales Status
BIP114
BIP202
BIP264

Investment Objectives

The fundamental investment objective of Brandes Global Opportunities Fund is to achieve long-term capital appreciation by investing primarily in the equity securities of both Canadian and non-Canadian issuers across the full market capitalization spectrum at the time of purchase. The Fund is not subject to any specific geographic diversification requirements. Regions in which the Fund may invest include, but are not limited to, North America, Asia, Latin America, Europe and Africa.

Investment Strategy

Brandes LP is a Graham & Dodd value-oriented, global investment adviser that applies fundamental analysis to bottom-up security selection. Brandes LP believes that consistently buying businesses at discounts to conservative estimates of their intrinsic value has the potential to produce competitive long-term results.

Portfolio Manager(s)

Name Start Date
Kenneth Little 06-29-2012
Charles Brandes 06-29-2012
Ralph Birchmeier 06-29-2012
Michael Hutchens 06-29-2012
Gerardo Zamorano 06-29-2012
Bridgehouse Asset Managers 06-29-2012

Management and Organization

Fund Manager Bridgehouse Asset Managers
Advisor Bridgehouse Asset Managers
Custodian State Street Trust Company Canada
Registrar International Financial Data Services (Canada) Ltd
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 100

Fees

MER 2.46%
Management Fee 2.00%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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